Is PAPL (PAPL) Halal?
Shariah Screening — 5 Standards
Based on financial data from August 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Mortgage Finance | ✗ NOT HALAL | |||
| DJIM | Excluded — Mortgage Finance | ✗ NOT HALAL | |||
| MSCI | Excluded — Mortgage Finance | ✗ NOT HALAL | |||
| S&P | Excluded — Mortgage Finance | ✗ NOT HALAL | |||
| FTSE | Excluded — Mortgage Finance | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | -25.3% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -19.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$946,820 |
| Free Cash Flow | -$2M |
| Total Debt | $1M |
| Current Ratio | 0.1 |
| Total Assets | $5M |
Price & Trading
| Last Close | $0.67 |
| 50-Day MA | $0.78 |
| 200-Day MA | $2.89 |
| Avg Volume | 1.8M |
| Beta | 2.6 |
|
52-Week Range
$0.20
| |
About PAPL (PAPL)
Pineapple Financial Inc., together with its subsidiaries, provides mortgage brokerage services and technology solutions in Canada. It offers mortgage brokering services, including mortgage consultation, advise on various mortgage products offered by financial institutions, client access to rate information and mortgage options from lenders, and assistance in selecting mortgage solution. The company also provides back-office support services, such as digital and automated onboarding and set up, loan packaging and processing, digital document collection and client portals, loan maintenance activities, payroll, lender communication, reporting requirements for regulators and business management, cloud services, expense collections, document preparation, compliance, training, administration, and marketing. In addition, it offers pre-underwriting support services comprising credit review, data validation, fraud analysis and compliance, appraisal ordering and review, and data analytics; and insurance products, which include whole life, permanent life, critical illness, and credit insurance. Further, the company operates MyPineapple, a technology platform that allows users to conduct their brokerage services. It serves mortgage agents, brokers, sub-brokers, and brokerages and consumers. The company was formerly known as 2487269 Ontario Ltd and changed its name to Pineapple Financial Inc. in June 2021. Pineapple Financial Inc. was incorporated in 2015 and is headquartered in North York, Canada.
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Frequently Asked Questions
Is PAPL (PAPL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), PAPL is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is PAPL's debt ratio?
PAPL's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are PAPL's key financial metrics?
PAPL has a market capitalization of $18M, and revenue of $19M.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.